The Oriental Insurance Company Limited, a Government of India undertaking headquartered in New Delhi, has invited applications for Actuarial Apprentice positions on a contractual basis. There are 15 posts in total. The engagement is meant for candidates pursuing actuarial studies to become actuaries, with training at the company's Corporate Office in New Delhi and an Apprenticeship Certificate awarded on satisfactory completion.
OICL Recruitment 2026 - Actuarial Apprentice Posts
Posted 30 Sept 2026Updated 30 Sept 2026
Total Vacancies
15
Last Date
16 Oct
Closed
Apply Mode
Both
Contract
Status
Application Closed
Recruitment status
Applications closed on 16 Oct 2026
- Notification24 Sept
- Applications Open
- Applications Closed16 Oct
About OICL Actuarial Apprentice Recruitment 2026
Job Overview
- Organization
- Oriental Insurance Company Limited
- Post Name
- Actuarial Apprentice
- Job Location
- New Delhi, Delhi
- Who Can Apply
- Candidates from anywhere in India
- Job Type
- Contract
- Age Limit
- 21–30 years
- Gender
- All
- Nationality
- Indian
- Credentials Required
- Minimum 4 Actuarial Papers (excluding CB3) of IAI/IFoA
- Pay Scale
- Rs. 35,000 per month (stipend)
- Tenure
- 11 months
- Notice Period
- 1 Month
Vacancy Breakdown
Actuarial Apprentice
15
UR 7OBC 4SC 2ST 1EWS 1
| Post Name | UR | OBC | SC | ST | EWS | Total |
|---|---|---|---|---|---|---|
| Actuarial Apprentice | 7 | 4 | 2 | 1 | 1 | 15 |
Eligibility Details
Actuarial Apprentice
Graduate. Passing of minimum 4 Actuarial Papers (excluding CB3) of IAI/IFoA as per curriculum 2019, qualifications as on 01.09.2026. Desirable: Proficiency in R/Python/SQL.
| Post | Qualification |
|---|---|
| Actuarial Apprentice | Graduate. Passing of minimum 4 Actuarial Papers (excluding CB3) of IAI/IFoA as per curriculum 2019, qualifications as on 01.09.2026. Desirable: Proficiency in R/Python/SQL. |
Age Limit
Minimum 21 years and maximum 30 years as on 01.09.2026
Age Relaxation
Relaxation up to 33 years for OBC, 35 years for SC/ST and 40 years for PwBD candidates
Selection Process
- 1Shortlisting of Eligible Candidates
Eligible candidates are shortlisted for the interview stage.
- 2Personal Interview
All eligible candidates appear before the Interview Panel; selection is based on performance in the interview and the qualifying marks are decided by the Company.
Salary Structure
Rs. 35,000 per month (stipend)
How to Apply
- 1Visit the Career section of The Oriental Insurance Company Limited website and download the prescribed application form
- 2Fill in all required details in the form, affix a recent passport-size photograph and sign it as per the instructions
- 3Send the scanned copy of the application by email to [email protected]
- 4Send the hard copy of the application by post to the Dy General Manager (HR), The Oriental Insurance Company Limited, Corporate Office, Block-IV, Plate-I, NBCC Office Complex, Kidwai Nagar East, New Delhi-110023
Documents to Carry / Upload
•Date of Birth Certificate / Matriculation Certificate
•Graduation and Post Graduation Certificates
•Mark Sheets including CGPA conversion documents
•Professional Qualification Certificates
•Experience Certificate or supporting documents
•Caste Certificate / EWS Certificate
•PwBD Certificate (if applicable)
•Ex-Servicemen Certificate (if applicable)
•No Objection Certificate from present employer (if applicable)
•Photo Identity Proof (Aadhaar Card
•Driving Licence
•Voter ID
•Passport etc.)
•Proof of passing required Actuarial Examination subjects
Important Details
- Qualifications are counted as on 01.09.2026.
- The advance scanned application must be emailed by 13.10.2026 and the hard copy must reach the Corporate Office by 16.10.2026, failing which the candidature will not be considered.
- Candidates must keep a valid personal email ID and mobile number active till the selection process is complete.
- At the interview, original certificates should not be attached with the Interview Data Sheet; only self-attested copies are to be submitted, while originals are produced for verification.
Service Conditions
- Every apprentice is a trainee and is neither a worker nor an employee of the Company; labour laws do not apply.
- The apprenticeship is not a guarantee of employment and gives no right, weightage or preference in any future recruitment of the Company.
- No deduction towards Provident Fund, Staff Mediclaim or similar employee benefits is made from the stipend, and no employer contribution is payable.
- One day leave per month is credited at the beginning of the following month and can be availed only with prior permission; unused leave is carried forward.
- No deduction is made from the stipend for entitled leave, but pro-rata stipend is deducted for any other absence.
- No overtime allowance is payable; apprentices are entitled to the holidays observed in the Company.
- An Apprenticeship Certificate is awarded on completion of training subject to satisfactory performance.
Contact
Email: [email protected]
Frequently Asked Questions
Can candidates who are still pursuing actuarial studies apply?
Yes. The notification invites applications from students pursuing actuarial studies, provided they are graduates and have passed at least 4 actuarial papers excluding CB3 of IAI or IFoA.
Does the apprenticeship lead to a permanent job in OICL?
No. The apprenticeship is a training engagement and gives no right to absorption or preference in any future recruitment of the Company.
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